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Home » Education Finance

Education Finance

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For-profit educator Harrison College going out of business

September 15, 2018

Harrison, which was founded in Marion in 1902 as Indiana Business College, said it would close all of its campuses in three states on Sunday.

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Education chief loses student loan lawsuit brought by 19 states

September 14, 2018

Education Secretary Betsy DeVos' move to delay Obama-era regulations to help students defrauded by for-profit colleges was dealt a setback Wednesday.

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Full loan relief rare for students defrauded by for-profit colleges

September 10, 2018

The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data.

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ITT Educational’s CEO, directors scoff at $250M lawsuit

August 29, 2018

Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.

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Nation’s top student loan official resigns in protest

August 28, 2018

Seth Frotman will be stepping down as student loan ombudsman at the end of the week, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.

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For-profit colleges have more support, but complaints persist

August 24, 2018

Education Department documents show that students filed nearly 24,000 federal fraud complaints between President Donald Trump's Jan. 20, 2017, inauguration and April 30 this year, almost entirely against for-profit colleges.

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IPS’ big ask: What a $220 million referendum means for the district and its taxpayers

August 23, 2018

The district says that, to keep its main priority on the table—raising money for salary increases for teachers and staff—it made tradeoffs that could leave it financially vulnerable down the road.

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Teachers’ frustration extends well beyond pay, but would they walk out?

June 6, 2018

Teachers say that, beyond compensation issues, they are grappling with inadequate school funding, a lack of respect from some parents and community members, and increased school-safety concerns.

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Bankruptcy trustee files $250M suit against ITT Tech’s former CEO, directors

June 6, 2018

The lawsuit alleges that ITT Educational’s bankruptcy and the closure of its 130-school chain could have been avoided or minimized if the board of directors had fulfilled its duties instead of focusing on keeping former CEO Kevin Modany happy.

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WGU Indiana leader leaving to start higher ed fundraising group

May 23, 2018

Newly created WGU Advancement will raise funds to support the university’s mission and commitment to “reinvigorating the promise of higher education for all.”

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Fishers-based Strada Education to sell Student Connections

April 27, 2018

Of Student Connections’ 58 employees in Indianapolis, 42 are expected to keep their jobs after the acquisition.

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House, Senate agree on workforce changes, but critics say they don’t go far enough

March 8, 2018

The major change this year is to replace the existing State Workforce Innovation Council with a new board that legislative leaders hope will be smaller and more nimble.

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IPS has second chance to learn playbook, cram for referendum

March 8, 2018

The school district’s decision to postpone planned ballot measures for $725 million raises questions about why leadership couldn’t get it right the first time.

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Student-debt firms shielded from state probes in new federal plan

February 26, 2018

Student-loan debt collectors accused of misleading borrowers would get more protection under a proposal from the Trump Administration.

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Bosma: Major changes to state workforce system likely must wait

February 6, 2018

Pushing the discussion to next year is likely to frustrate advocates in the business community who believe lawmakers have toiled long enough on the workforce development system, making incremental changes year after year.

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Indiana bill would tap savings to fix $11.8M school-funding shortfall

January 4, 2018

Indiana lawmakers have a proposal to shuffle state money around to cover an $11.8 million shortfall in school funding that emerged late last year.

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New coding school will let students pay with share of future income

December 22, 2017

More than half of the students in Kenzie Academy’s first coding class—launching in January—will finance their education using income-share agreements, a concept that has been lauded by Purdue President Mitch Daniels.

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Notre Dame to pay millions under tax reform bill

December 20, 2017

A university spokesman says the sweeping overhaul of the nation’s tax laws that Congress approved Wednesday would cost the university up to $9 million per year.

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Butler closes on purchase of seminary buildings, 40 acres of land

December 20, 2017

Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.

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Sallie Mae planning $12M expansion, 350 more jobs in Indianapolis

December 11, 2017

The expansion is the second for the student loan giant in Indianapolis in less than two years.

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